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admbud
New Member

Magellan K-1 reports a 1 in box 13 A. Do I still have to enter this on my tax return or can I ignor this small amount? Thanks HM

 
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Ashby
New Member

Magellan K-1 reports a 1 in box 13 A. Do I still have to enter this on my tax return or can I ignor this small amount? Thanks HM

Yes, you can. It's either a deduction or a credit depending on what type of K-1 you have. But, 1 is not going to make a substantial difference.

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Ashby
New Member

Magellan K-1 reports a 1 in box 13 A. Do I still have to enter this on my tax return or can I ignor this small amount? Thanks HM

Yes, you can. It's either a deduction or a credit depending on what type of K-1 you have. But, 1 is not going to make a substantial difference.

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